Post-Brexit no-trade-deal scenario: Short-term consumer benefit at the expense of long-term economic development.
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ABSTRACT:
SUBMITTER: Wenz L
PROVIDER: S-EPMC7470266 | biostudies-literature | 2020
REPOSITORIES: biostudies-literature
Publications
Post-Brexit no-trade-deal scenario: Short-term consumer benefit at the expense of long-term economic development.
Wenz Leonie L Levermann Anders A Willner Sven Norman SN Otto Christian C Kuhla Kilian K
PloS one 20200903 9
After the United Kingdom has left the European Union it remains unclear whether the two parties can successfully negotiate and sign a trade agreement within the transition period. Ongoing negotiations, practical obstacles and resulting uncertainties make it highly unlikely that economic actors would be fully prepared to a "no-trade-deal" situation. Here we provide an economic shock simulation of the immediate aftermath of such a post-Brexit no-trade-deal scenario by computing the time evolution ...[more]
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